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Morningstar

Putnam Tax-Free High Yield A PTHAX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 11.61  /  +0.01 %
  • Total Assets 687.3 Mil
  • Adj. Expense Ratio
    1.020%
  • Expense Ratio 1.020%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.64%
  • Effective Duration 9.31 years

USD | NAV as of Jul 02, 2024 | 1-Day Return as of Jul 02, 2024, 10:17 PM GMT+0

Morningstar’s Analysis PTHAX

Will PTHAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PTHAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PTHAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PTHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Putnam Tax-Free High Yield A to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PTHAX

More PTHAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

2.85 19.2 Mil
Cash and Equivalents

PORT PORTLAND ORE ARPT REV 4%

2.12 14.3 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

1.39 9.4 Mil
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.28 8.6 Mil
municipal

ALASKA INDL DEV & EXPT AUTH REV 4%

1.21 8.1 Mil
municipal

ILLINOIS ST 5%

1.11 7.5 Mil
municipal

CHICAGO ILL 4%

1.09 7.3 Mil
municipal

ORANGE CNTY FLA HEALTH FACS AUTH REV 4%

1.07 7.2 Mil
municipal

CLIFTON TEX HIGHER ED FIN CORP ED REV 6.125%

0.90 6.1 Mil
municipal

ILLINOIS ST 5.25%

0.81 5.4 Mil
municipal